Story by Robert Schmad, Tampa Free Press, 10/1/24 SOURCE: https://www.msn.com/en-us/money/companies/americans-more-reliant-on-government-spending-than-ever-as-debt-deluge-continues-with-no-end-in-sight/ar-AA1rugBZ?ocid=msedgntp&pc=U531&cvid=584a2772c39d4d71ba476368c0fa3e86&ei=78 s the national debt soars past $35 trillion, government transfers make up an increasingly large…
Opinion by David M. Walker, The Hill SOURCE: https://www.msn.com/en-us/money/personalfinance/opinion-how-to-fix-america-s-federal-finances/ar-AA1p8IgJ?ocid=msedgntp&pc=U531&cvid=052cbf9d4cdb4604a07eca853c62d458&ei=79 The federal government is now at record levels of both total debt-to-GDP and mandatory spending as a percentage…
Story by Jeremy Warner, 5/8/24 SOURCE: https://www.msn.com/en-us/money/markets/addiction-to-debt-has-left-the-global-economy-one-shock-away-from-disaster/ar-BB1m25BR?ocid=msedgntp&pc=U531&cvid=0dc0deeb2a434f72b3cf1d58983ab64a&ei=13 How much debt is too much? After three economic shocks in a row – the financial crisis, the…
Story by Brett Rowland, The Center Square, 4/26/24 SOURCE: https://www.msn.com/en-us/money/markets/congress-inaction-on-debt-irresponsible-says-former-comptroller/ar-AA1nJKSc?ocid=msedgntp&pc=U531&cvid=48ef8c6c3f2c4a1cdbefb0fe175933a1&ei=20 (The Center Square) – The former U.S. Comptroller General said Congress’ failure to address the…
Story by Andrew Sanders, State of the Union, 2/26/24 SOURCE: https://www.msn.com/en-us/money/companies/70-of-largest-us-cities-broke-and-cannot-cover-costs/ar-BB1iT23I?ocid=msedgntp&pc=U531&cvid=d9d92a528573425c9d0e635005886919&ei=24 EDITORIAL: If this isn’t evidence of a systemic government collapse, I don’t know what…
Story by Jai Hamid , Cryptopolitan, 2/21/24 SOURCE: https://www.msn.com/en-us/money/markets/imf-expert-warns-u-s-on-shocking-dangers-of-debt-crisis/ar-BB1iGhRG?ocid=msedgntp&pc=U531&cvid=d92c12434466421a9d2bc5b216690742&ei=14 Alarm bells are ringing louder each day about the U.S.’s fiscal health, with Olivier Blanchard, the former…
Opinion by Desmond Lachman, New York Post, 2/21/24 SOURCE: https://www.msn.com/en-us/money/markets/the-world-s-drowning-in-debt-brace-yourself-for-economic-turbulence/ar-BB1iFYSJ?ocid=msedgntp&pc=U531&cvid=52f552ffe7754d55ac74bbe5b59faa6a&ei=8 When it comes to a country’s overindebtedness, the four most dangerous words are “This time…
Story by Collins Abia , The Artistree, 2/16/24 SOURCE: https://www.msn.com/en-us/money/markets/cbo-director-warns-house-panel-that-interest-on-national-debt-could-pose-threat-to-u-s-economic-stability/ar-BB1ip8sP?ocid=msedgntp&pc=U531&cvid=c24d2111d82c44f9bd7fd35e5e5aa450&ei=49 The director of the Congressional Budget Office (CBO) warned House lawmakers about the potential threat to…
Story by David Lerman, Roll Call, 2/15/24 SOURCE: https://www.msn.com/en-us/news/politics/democrats-unions-ramp-up-pressure-against-fiscal-commission/ar-BB1ilKTF?ocid=msedgntp&pc=U531&cvid=0d820786033c41af88ac72712da21375&ei=171 Aproposed fiscal commission to fast-track deficit reduction measures, already under attack from the right, also faces…
Story by Eleanor Pringle, Forbes, 2/11/24 SOURCE: https://www.msn.com/en-us/money/markets/jamie-dimon-believes-u-s-debt-is-the-most-predictable-crisis-in-history-and-experts-say-it-could-cost-americans-their-homes-spending-power-and-national-security/ar-BB1i6y8l?ocid=msedgntp&pc=U531&cvid=874eb3b6706245d7b53ebffb98f5a4f1&ei=29 EDITORIAL: For more on government fiscal policy and debt, see: Money, Banking, and Credit, Sections 11.4 and…
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